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Nov 14, 2013 1:00pm EST
. simon baker is here along with steve weiss, joe terranova, and stephanie link. stephanie, on a year when the health stocks have done well, health care is the second best performing sector out of the s&p 500 this year. i'm wondering what your thoughts are, and what happens with the stocks? >> i don't think anything he said is a surprise. you have to expect the blame game comes out of washington on both sides. this is a mitigated disaster. the insurance companies budget at least a year in advance. so they're a little offsides in the budgets. at the end of the day, i don't think it matters. maybe you see them reset expectations next quarter or pre-announce, in terms of reduced expectations, but you still need to be in a group that continues to grow, whether the economy is growing or not growing, so i like it. more importantly, what this did was, it sort of casted yellen in a shadow, and that was by far, to me, the more important conversation today, what she was saying. >> well, yellen certainly has had somewhat of an impact on the overall market today by virtue of taking what most people ex
Nov 19, 2013 1:00pm EST
. >> you don't have anybody to thank. that's too bad. steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not? is it time to buy jpmorgan stock or look to other financials? we're going to take a look at that whole sector and see where you might best make some money now. tesla is under fire, yes fire, as the government begins an investigation surprisingly, the stock is up today. selling off rather sharply in the last three or four weeks. we will tell you if the inquiry will put a dent into tesla's sales. you may be surprised on that one. strong quarter for home depot, boosted by a resurgent home remolding sector. is the stock, a buy, sell or a hold. old-school debate coming up. first let's check in with sue at the ne
Nov 18, 2013 1:00pm EST
a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> a huge eruption, that's italys's mount etna
Nov 13, 2013 1:00pm EST
as a triptick at auction. the price $142.4 million. no word on the seller or the buyer yet. word has it steve wynn might have been one of the bidders. the record for the most expensive work sold by a living artist also shattered last night, jeff koounz balloon dog went for $58 million sold by peter brant to a unknown buyer. here's a great view from inside what was a packed room last night. taken by one of our "power lunch" producers. you know, robert, you just got to wonder with numbers like that being bandied about, i mean we've talked before about whether or not the contemporary art market is in a bubble. what's your perspective on that? >> we've been talking about a bubble in the art market for at least four years and it goes higher. i think it's going to keep going higher not because of really the quality of art getting better but people, especially the wealthy, want a safe place to put their wealth so like many collectibles art is going to keep going up. >> that balloon dog may be great but it messes up the lawn. you have to clean it up after it. what about sotheby's they have an auction
Nov 4, 2013 1:00pm EST
that this is not over yet, answering a lot of questions about why steve cohen was not ultimately a part of this case, whether he could be in the future and they did say we're certainly keeping every possibility open. a lot of confusion, too, about what's next for sac. there is this five-year probation so at max, bharara explained it will take them five years to wind down their current businesses and close forever. they may be able to become a family office for some period of time, perhaps the principals will reopen a new hedge fund at some point. we'll wait for more clarity from sac which has yet to comment, but a little bit of a defense there in spite of the fact that this was a landmark amount of money and there were five guilty pleas to securities and wire fraud is somewhat unprecedented, tyler and sue, or perhaps entirely unprecedented. we don't know what all the other cases are but the amount of money certainly is. >> i know we have to go, but kate, what was your read of that statement that i put the question to bethanie, that no institution is too big to jail. did you interpret that as he's go
Nov 5, 2013 1:00pm EST
week's report play it long into it. not there though. >> ecl i'm buying it going higher. >> steve weiss. >> stay short the bond market tbf long. >> joe. >> starbucks wants to go back up again. >> have a great day. "power" starts now. >> "halftime" is over and "power lunch" and the second half of the trading day starts right now. >> golly, that whistle was loud in my ear. going to turn it down a little bit. move over pimco total return, there is a new king in the world of mutual funds and this one may say a lot about how bullish america is on the stock market. we'll talk about that. hash "time" magazine probletag twitter ipo more reasons for anyone thinking of getting in to think twice. and beating the bully at work, maybe you've heard this story it stems from a series of incidents involving the miami dolphins. the lineman is not on the field and now may be out of a job because of bullying allegations. how do you manage a situation when it gets out of hand at work? first, though, let's go to sue at the new york stock exchange. big turnaround today, sue. >> absolutely. a huge turnaround.
Nov 6, 2013 1:00pm EST
sponsors. steve roth, simon properties. >> it's been great having both of you here. >> thank you. >> we'll do it soon. watching the market, the dow up about 100 points right now and that's pabasically where it's bn the last half hour or so. "power lunch" begins right now. >> "halftime" is over and the second half of your trading day begins now. >> thank you very much. recordbreaker, the dow hitting a new high, up almost 20% year to date on track now for its best year in a decade. watch out, a new wave of cyber crimes plaguing computers all over the country. the designer breaks in and then holds all of your personal things, music, photos, passwords, e-mails, for ransomp. you have to pay up to get them back. when the sun shines on solar stocks, this sector has been very bright for much of this year. is there more life ahead? first let's check in with sue at the nyse? >> hi, ty. the dow did hit a new record today. the s&p not yet, but 25 stocks in that index did hit new records. let's check the markets for you. the dow jones industrial average up 97 points off its high of the tradin
Nov 7, 2013 1:00pm EST
, europe's surprises and your money. michelle and steve are here. let's start with that surprisingly robust gdp number. take us below the headline. >> okay. so where we have the strength was in housing, up 14% and change. we had strength in durable goods purchases by consumers. where we didn't have strength, inventories. that was a big part of the reason. that's why people are not that optimistic about this number. two things. >> this was businesses restocking. >> restocking. >> rather than individual spendi spending. >> consumer spending was a very weak 1.5%. we put a lot of stuff on the shelves in the third quarter. the idea is they work it off in the fourth so don't order a whole lot of new stuff. also concern about the government shutdown, how that may work its way through the numbers. a little bit of exuberance, but tempered exuberance on this number. >> how surprised were you? >> i was not surprised at all. we've been talking for a week about a potential surprise. i'm surprised this number was not higher. they tracked it at 2.7%. i don't know why the consensus was so low. >> let's tal
Nov 8, 2013 1:00pm EST
that lurk behind today's job report. michele caruso-cabrera and st. louis with -- steve liesman wit now. >> the headline great, my one concern the following, 720,000 drop in -- >> in the labor. >> labor participation rate. last time we saw that was december of 2009, this is not the 2009 economy, this is 2013. >> what does that tell you? >> an outlier or something you have to wait and see. >> the economist i was talking to at the bls earlier today needs to call me back. we were talking about a half hour -- >>s there's your invitation. >> i can not get back to that person. a lovely person talking me through it. we don't know the reason for the 720, related to the furloughed workers and the shutdown. >> it is huge. >> not since december 2009. why we think there may be a relationship to the shutdown but we don't know. you would be rare to have a 200,000 increase in the jobs -- in the payroll part and 700,000 job in both employment and household. >> you pointed out yesterday the headline number on gdp growth masked a fairly weak consumer, a lot was business inventories getting piled up. >> b
Nov 20, 2013 1:00pm EST
and her income aflok are here but start with steve liesman and the fed minutes which are due out. >> the federal reserve and its october meeting the committee generally expected data would justify tapering in coming months or in other words they used later the next few meetings. considered scenarios to taper before the economy showed clear or what they called unambiguous improvement and discussed qe issues and ways to improve guidance what amounts to one of the most confusing and inconclusive debates from a fed meeting. a number of participants supported equal size reductions in treasure rises and mortgage backed
Nov 21, 2013 1:00pm EST
resigned as of this morning. his last day will be at the end of january 2014. steve cohen in what would be one of his first letters to the staff since the settlement a couple weeks ago talked about becoming a family office and transitioning into a new mode and cumin leaving as part of all that. back to the courthouse behind us, we're midway through a day of questioning that started with cfo dan berkowitz of s.a.c. capital kind of giving the lay of the land at the firm and where michael steinberg who's on trial for alleged insider trading fit within that mechanism. right now we're under way with multiple hours of questioning of a gentleman named jesse tortora. he was a hedge fund worker at an unrelated firm called diamondback who has pled guilty of securities fraud and conspiracy in terms of engaging in insider trading on certain tech stocks. now, when i left the room, tyler, he was in the midst of telling the prosecution a little bit more about the chain of folks in which he engaged to pass on insider tips from tech companies. ultimately -- and i think he's about to get there -- to mich
Nov 22, 2013 1:00pm EST
that steve ballmer actually announcedp. they need a new leadership team to come in with the transformation. in addition to that, i believe the timing is right. while screens are getting small, and screens are actually -- content is getting everywhere, at the same time living room is becoming more important because screens are getting bigger and chris per and entertainment and gaming on this screens is becoming a lot of fun. if you look at the platform it's outstanding, the features are great, the quality of graphics is outstanding, integration of kinekts and voice control is brilliant along with the content catti catal catalog. >> thank you very much for your forecast there. i have to say i have two boys, one is 8, one is 20, xbox is their favorite gaming platform. >> that's what my 12-year-old does every day. >> down to you. >> all right. let's check in on interest rates right now because the ten-year note is holding kind of steady at 2.75%. and that's the level that a lot of traders are watching between that and the fact that the ten-year startses to bump up against 2.8% if we see 2.8% i
Nov 27, 2013 1:00pm EST
>> steve weiss. >> amazon through 400 next stop. >> josh brown, i like the xlf if you're not long this group easy way to get in. >> jon. >> boyd gaming, upside january call buying. >> that does it for us today. hope you have a wonderful thanksgiving. we'll see you on the other side, follow me @scott wapner cnbc and "power lunch" starts now. >> "power lunch" and the second half of the trading day starts. >> thank you very much. 'tis the season, the eve, of course, of thanksgiving. you can almost taste the it turkey. christmas just 28 days away. the ornaments coming out of garages, tree shopping about to begin, i've seen the stands already going up. in my neighborhood. the mistletoe is coming out. but -- >> ah! >> that was a woman screaming, wasn't there? that is because there's fear out there, fear for the markets in 2014, fear the rally is going to falter, fear from wall street all the way out, even into silicon valley. we have it covered today. sue is at the new york stock exchange. hi, sue. >> hi, ty. and while there is fear out there, we also have a lot of optimism as well. tak
Search Results 0 to 12 of about 13